Asian markets are mixed this morning, over the disappointment of the Fed’s decision; markets had expected a larger stimulus package or new tools. US Fed opted to extend its Maturity Extension Program (Operation Twist) for another six months, but there was no new large-scale asset purchase program (QE3). UK jobless claim increased 8,100 to 1.6 […]
Market Review June 21 2012 Read More »
Equities are trading up after increased import and export figures from Japan supported gains. The G-20 summit endorsed policies related to the Spanish Banks as the yields of the 10-year bond has increased above 7 percent hitting a record high for the EU at 7.13%. Spain is also scheduled for a bond auction tomorrow and
Gold before the FOMC Read More »
Last week, there were quite some remarkable price moves on global market, including on the currency market. The data were only of second tier importance. It was all repositioning ahead of the key Greek elections. This vote was largely seen as a key milestone for the survival of the EMU project. However, given the high
Making Head or Tail of the EUR/USD Read More »
Markets in the US are excitedly anticipating today’s Fed meeting, hoping that some form of further monetary stimulus might be forthcoming. Investors are expecting some sort of monetary easing from the Feds. It will be a fairly quiet session in terms of scheduled economic data releases in Europe and Asia. The BoE will release minutes
Market Review June 20 2012 Read More »
Equities are trading down following the increased risk from Europe to control the rising debt concerns. World leaders pressured Europe at the Group of 20 Nations Summit on Monday to take ambitious new steps to resolve its debt crisis while China has committed itself to boosting the resources of the International Monetary Fund in order
Metals and Energy React to Heightened Market Worries Read More »
The G20 leaders focused their response to Europe’s financial crisis on stabilizing the region’s banks, raising pressure on German Chancellor Angela Merkel to expand rescue measures as contagion engulfed Spain. American exporters from Dow Chemical Co. to Hewlett-Packard Co. are preparing for a further decline in demand from Europe as the region’s deepening debt crisis
Market Review June 19 2012 Read More »
The Greek election results make a near-term exit of Greece unlikely, but the longer term outlook regarding euro participation is still uncertain. No party won an absolute majority, but the New Democracy came out first with about 30% of the popular vote and 129 seats (including the 50 seats extra the winner secures according to
The Battle Might Have Ended in Greece but the War Continues Read More »
Today is a very crucial day forglobal financial market, as the whole globe is waiting for the Greece election result. As of now, with 37.4 percent of the vote counted, official results showed the conservative New Democracy with 30.5 percent of the vote, ahead of the radical anti-bailout Syria party’s 26 percent and the pro-bailout Socialist
Greece – Gas and Oil Survive Read More »
This review is being written before the final release of elections throughout the world are tallied. Greece, France and Egypt are voting on Sunday and due to time differences and reporting times, the results remain up in the air so please keep a close eye on the markets as they will be volatile today and
Market Review June 18 2012 Read More »
After the quite some wide swings on Tuesday and Wednesday, the EUR/GBP pair had found some kind of equilibrium too. The pair settled yesterday in a sideways trading pattern close to the 0.8100 big figure. There was too little in the way of hard news to push the cross rate away from this pivot. After
The EUR/GBP and the BOE and The Greeks and the Spaniards Read More »
